October 27th, 2011 7:45 AM
We went to xxx yesterday to consider managing it as a rental. It may not be the best candidate for you. The house and land itself are attractive and pleasant I was however surprised at the amount of traffic, the speed and the noise of the traffic. The house is close to the road and while it’s quiet inside, outside is anything but peaceful.
While schools aren’t an issue for you personally, at an eventual resale they will be an issue. The high school has average rankings and the elementary school is quite good.
http://www.schooldigger.com/go/AL/schools/02480016OO0/school.aspx
http://www.schooldigger.com/go/AL/schools/0248001KIJH/school.aspx
The house went on the market 10/23/10 for $259,900. On 07/10/11 the price dropped to the current $249,900.
The link below is to the Huntsville MLS listing where the current owner bought the house on 05/12/06 for $230,000. Assuming normal seller transaction costs and contributions the seller’s breakeven point on a sale is in the $249,000 range. (The current list price.) It looks like the seller and listing agent did the same calculations as I did.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=711UUY87098IU87Y
The link below is to the slide show of the photos.
http://www.youtube.com/watch?v=8HQNHcW_NXU
XXX is not on the market but the owner is considering selling.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=0098765543453
When I asked him about the sale price he indicated:
I can sell it as is which comes with X acres and keep my other piece of property roughly XXX acres next to the driveway. Or I can sell it all together. I paid XXXXXX for the house in XXXX and XXXX for the land in XXXX. I don’t want to pay to get out
Based on this and assuming some standard seller costs he would need to sell in the XXXXXXXXrange for both the house and lot plus the additional .XXXX
I’m pretty sure the link below is to the satellite image of the property pre construction.
http://maps.google.com/maps?q=tuytheywhwnwrhwrhrwyi,-86.661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=0.003962OOIUY&sll=34.659952,-86.391034&sspn=0.IIUYHVFG&vpsrc=6&hnear=IIJH&t=h&z=55
What I think is the street view.
http://maps.google.com/maps?q=utiwhtrnatth775hhqyrnen&ll=34.661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=0.003962OOIUY&sll=34.659952,-86.391034&sspn=0.IIUYHVFG&vpsrc=6&hnear=IIJH&t=h&z=55hnear=hhrryryhegrgryrh65474264n542jk4h2h&t=h&z=17&layer=c&cbll=34MMM,-86.395207&panoid=ruSAdBDXXTRpqfiXYl0NMQ&cbpkkjruaRHBBRB.21,,0,0
Google estimates at 31 Min. Commute to Redstone.
http://maps.google.com/maps?saddr=YTHTR 6427652N009IKEJRNTRBTHTGWB,-86.51262&sspn=0.253439,0.662613&661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn-g%3BFWveEAIdOOIIJZ-HHYGT=0&mra=dme&mrsp=0&09876h&z=11
xxxx in Morgan County has 4.10 acres and a large outbuilding that was used to run a construction building.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=710090987654R54E
The owner approached me about leasing it for him as it hasn’t sold since being on market since 10/23/10. The owner said there were two wet weather creeks that ran most of the year. He said that the house sites close to the road which turned off some prospective buyers.
The link below is to the Google satellite image and street view. There may be some mobile homes across the street.
http://maps.google.com/maps?q=YYUHTFDDJJLLL;;88UY7IFG=en&ll=34.476175,-86.599715&spn=0.000496,0.001294&sll661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=37.0625,-95.677068&sspn=31.28862,84.814453&vpsrc=6&hnear=HHUGFDRGGG+35175&t=h&z=20
Google indicates at 19 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn=2900+JTUHATRNATHALTHAUTBAKJFABHURURU,+AL+35175&hl=en&sll=34.617952,-86.594925&LLsspn=0.12686,0.331306LO&geocode=FcciNNHGFDDDDEAIdGpnW-g%3BFY0QDgIdIZfW-im3WUZuQnViiDGmHTIQw_4fxg&vpsrc=0&mra=dme&mrsp=0&sz=12&t=h&z=12
Please let me know if I need to follow-up on either of these two properties.
64 WILJOY CIRCLE is in a development of similar properties. I showed it several months ago and it didn’t look as good as it does in the photos. I didn’t think it was a strong match for your needs but wanted to point it out just in case.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=71100OOIJHB35
I will preview XX Road for you in the next few days. I haven’t heard from the listing agent on .XXX
XXX has been on market since 10/20/11. The current owner bought the house in 1998 for $186,200.
http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7114920484
The closest flood zone is about 7,000 feet away.
The link below is to the Google satellite image of the house.
http://maps.google.com/maps?q=723 95.677068&sspn=14.20984,63.193359&vpsrc=6&hnear=723+661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn+35739&t=h&z=19
Note that wile the realtors photos don’t show it the Google street view shows a gravel drive beside the concrete drive for parking a semi.
While the properties immediately surrounding the house are comparable there is what appears to be a junky mobile home on Macedonia Road about 500' from the subject property “A”. At “B” there is a smaller house with seven cars parked at the house.
Given the distance from the subject house and that most surrounding properties are comparable, I think the immediate neighborhood should be acceptable.
The house is about 2,000' ft from Highway 53 and there will be some traffic noise in the distance.
http://maps.google.com/maps?q=,+AL+35739&hl=en&ll=34.947408,-86.773496&spn=0.015794,0.041413&sll=34.949772,-86.77337&sspn=0.007897,0.020707&vpsrc=6&hnear=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn+35739&t=h&z=15
Google estimates a 25 min. commute to Redstone Arsenal.
http://maps.google.com/maps?saddr=AL-255+N&daddr=661867,-86.39524&spn=0.000018,0.01442&sll=34.659987,-86.395111&sspn=0.007925,0.020707&vpsrc=0&rhwrhrwyi,-86.399145&spn,+AL+35739&hl=en&sll=34.79728,-86.71077&sspn=0.506342,1.325226&geocode=Ff6xEQIdpIHV-g%3BFYxKFQIdhvHT-inFWp3mAltiiDFFZyqmTChAkQ&vpsrc=0&mra=dme&mrsp=0&sz=10&t=h&z=10
> Thank you for the information on the Rocky Road property. It is absolutely beautiful and we really love it, but I agree with your assessment that the lack of storage and a garage really doesn’t fit our needs, so I think we will drop it from our list.>> I presume that you haven’t heard from the realtor regarding the We’re still very interested in that one.
>>>> Please follow the link below to the slideshow of the photos I took yesterday.> > http://www.youtube.com/watch?v=6QYWDkW0g4A
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